Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Blackstone’s headquarters in Midtown Manhattan

NEW YORK CITY—Blackstone Real Estate Income Trust (BREIT) and Columbia, Md.-based Corporate Office Properties Trust (COPT) have formed a joint venture in which Blackstone will acquire seven of COPT’s single-tenant data center shell properties, which also contain 1.2 million square feet of warehouse space, for $265 million. The joint venture will be owned 90% by BREIT and 10% by COPT, which received $238.5 million in proceeds from the deal.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.